Published on 4/29/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.14 million callable contingent income securities on three indexes
New York, April 29 – Morgan Stanley Finance LLC priced $1.14 million of callable contingent income securities due Oct. 5, 2026 linked to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.25%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date.
The securities may be called starting April 4, 2022 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 70% downside threshold in which case investors will be fully exposed to the decline of that index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Callable contingent income securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,139,000
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| Maturity: | Oct. 5, 2026
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| Coupon: | 8.25%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying index
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| Call: | Starting April 4, 2022 at par on any quarterly call date
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| Initial levels: | 33,843.92 for Dow Jones industrial average, 14,689.62 for Nasdaq-100 index, 2,204.372 for Russell 2000 index
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| Downside threshold: | 23,690.744 for Dow Jones industrial average, 10,282.734 for Nasdaq-100 index, 1,543.060 for Russell 2000 index, 70% of initial levels
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| Coupon barrier: | 25,382.94 for Dow Jones industrial average, 11,017.215 for Nasdaq-100 index, 1,653.279 for Russell 2000 index, 75% of the initial levels
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| Pricing date: | Sept. 30, 2021
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| Settlement date: | Oct. 5, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.625%
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| Cusip: | 61773FXB4
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